scottystu

Waiting for a Litecoin (and all alts) bounce

Long
COINBASE:LTCUSD   Litecoin
Altcoins will bounce. They bounced with BTC in mid-February and in April. They have stayed stagnant during the most recent bounce. I believe this is because there is a larger accumulation effort going on, and this means the bounce will last a little bit longer. New capital has entered the market through BTC, which gained 48% going from $5750 to $8490. None has trickled down to alts, yet.
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